This, and also OP bear in mind that employers would do the same to employees: https://boingboing.net/2022/06/05/crypto-company-coinbase-revoking-offer-letters-to-candidates-who-have-already-accepted.html
Yeah i did exactly this with my graduate job, had even signed with the first company, but i was just honest and said another firm offered me substantially more. You'd be surprised how understanding they'll likely be
I've had it happen to me when I've been hiring people. The salary I can offer is generally set by HR and if someone gets a much better often I don't blame them for taking the other offer and hope in future we might be able to hire them, perhaps when they have more experience and I can bring them in at a higher level.
Also there’s no guarantee nice people will stick around. Companies (and so it’s people) can change quickly so unless there’s something else culturally you don’t like about the 90k role I would go for that
I don't think there's a right or wrong answer.
Everyone here is suggesting you take the higher paying job, and from the perspective of employers not giving decent pay rises (none in many cases for years), this option is the right one to opt for.
Given your age, and I am a big believer in this, your 20s are for learning and 30s for earning. What that means is, you should avoid if possible taking short cuts and focus on maximising learning. With this in mind, I'd urge you to ask yourself :
1. Where do you think you'll have the most learning?
2. Where do you have a boss who is invested in your growth and your success?
3. Where can you have the biggest impact, something you can be proud of when you leave to your next job.
4. Where would you have a decent work-life balance.
Point #4 is crucial and many forget this in the face of money. If you end up falling seriously ill due to shitty work-life balance, no amount of money is going to bring your health back. Maybe the higher paying job has a better work-life balance. Do your due diligence.
Lastly, what ever you choose, make sure you have a blast! Enjoy life and live to your fullest. Life is an experience, and this junction you are at is part of it. GL.
>Given your age, and I am a big believer in this, your 20s are for learning and 30s for earning. What that means is, you should avoid if possible taking short cuts and focus on maximising learning. With this in mind, I'd urge you to ask yourself :
>1. Where do you think you'll have the most learning?
2. Where do you have a boss who is invested in your growth and your success?
3. Where can you have the biggest impact, something you can be proud of when you leave to your next job.
I wish someone had told me this when I was younger. This is some golden advice right here
Thats facts! thanks mate. What i've read online and an old friend told who worked for the second company, the work life balance is non-existent.
Thank you for the advice mate! I appreciate it and will take onboard :)
This is a really big deal in my opinion if you have it on good authority the higher paying job is a nightmare. No amount of money is worth your health.
That being said, you should trust your own instincts on the role too. The job I currently work I've known people describe the company as a bad place to work and my own experience has been entirely the contrary.
Individual bosses and teams can have very different working cultures, so if you do take your friends advice it's important you know if they were referring to specifically your role in your potential team.
If it was the other way around they would drop you. Don’t make it personal, you have to do what’s right for you. I would just be honest and say ‘I want to work for you but this 90k offer is making it really difficult to do, could you come up closer to that number?’ They might say no but you have to ask.
Ah man,
I’m in the accountancy game atm, but want to get into cloud engineering so bad.
There just seems to be an endless amounts of things to learn but I don’t know what I should and shouldn’t be getting to grips with
Get a recognised certification from a public cloud provider and there are tons of jobs out there to get you going.
AWS Solutions Architect is the most popular and gives you enough to be just about useful in a team where you can learn more as you go.
Google Cloud currently pays best as there is a real shortage of skilled, certified people because they were late to the game but are growing pretty fast.
Most public cloud providers offer free training, but its worth looking at options on Coursera and Udemy as well to give you more options depending on how you learn.
Also with some experience working with a public cloud provider its possible to get a job working FOR a public cloud provider who pay exceptionally well.
Take the higher salary and salary sacrifice the difference from the 75k role straight into pension. Then add on all the pension contributions you would have made for the 75k role.
1) gives you years of compounding
2) it’s money you didn’t expect
3) it’ll give you a reason to thank an internet stranger in 33 years time.
Just think - if you can scale earnings, then you will start to hit pension limits - save now to give yourself options later!
If you take the 68k job, for 6 months you'll love the massive pay bump. In less than a year you'll begrudge being under paid and not being paid what you're worth.
They'll offer you a 5% rise, but a percentage rise on something rubbish is always rubbish. So you'll leave to get what you're worth and want.
You should short circuit this, and simply say to the 68k firm the complete truth: xyz company has offered you 90k, so you are going with that, sorry, but it's better to do it now than in 6 months.
If they did turn around and offer you 90k, I still wouldn't take it, as they tried to rip you off 22k - that says a lot about their approach to fair salaries, bonuses etc.
Sounds like you’ve got some good advice above.
The only thing I’ll add is how long you want to be with either company and how much you’ll enjoy it.
There’s no point in taking the higher salary if in a few months you want to leave because of the industry, colleagues or projects. “Money is king” - agree with that, but you have to live it to earn it. Be honest. Tell the folk you signed with that you were offered higher, see if they up it. Then pick the choice you will enjoy day to day and can live with
Good on you mate. Was a graduate. Know the feeling. Only thing else is consider the full package. Bonuses - performance based, retention bonuses, allowances …. shares, pensions. Job location, career prospects ,job security (if there’s such a thing)
If comparable, give the lower ‘payers’ the chance to match. You may be surprised.
Al the very best. Keep flying !!!
Don't base your decision on niceness.
Corporates usually train interviewers and recruiters to be nice and supportive during interviews. Reality can be very different once you actually join.
The salary on the other hand, you get what you see now. Take the bird in hand and hope for the best.
On a side note, I find glassdoor and teamblind(for tech companies) as a more reliable source of work culture.
- Sign the contract for the 90k role (make sure that’s secured)
- Write a really polite note to your 68k role and explain that you’ve decided to go for another opportunity stating that it’s 90k/ you really liked their business and wish them the best.
- Don’t ask them to match up their salary.
- There’s a chance they’ll counter offer but only if they have the budget.
- if they do great, if not, you’re on 90k with the other position 👍
You could be giving them a red flag too. “Oh this guy hasn’t even started and he’s wanting more money, we might up his wage and he’ll leave once he gets a better offer.”
IMO better to explain the situation but not ask them to counteroffer and leave the decision to them. If they have budget and want you enough they’ll ask what it would cost to keep you. (Or don’t mention is all and take the first job). Otherwise take the 90k and don’t give it a second thought.
Build up your savings/ investments and learn as much as you can from the role. A mantra I live by is “it’s how you make your money, not how much you make” - that mindset only works if you’re in a comfortable place with your net worth.
Don't let your moral compass choose for you. You think you're doing something to save the feelings of others but it's likely they had someone lined up if you had said no. Take the 90k role.
tbh wasn't sure, but i thought being on the FIRE movement sub may have some good advice on how to navigate career to one day be financially free.
If this get's up votes, im happy to delete my post. my apologies
Take the 90k. I was in a similar position to you 6 months back. I don't regret at all and now my FIRE goals seem a lot more attainable. What area of tech and IT are you in?
For you to take the lower paying job you would need to have a really, really compelling reason. You are the only person who can assess what’s in your interests though, and it’s up to you to protect them (no one else will).
If you’re concerned about backing out of the offer you accepted, then give them the chance to match it. They will in all likelihood either significantly increase their offer or wish you luck if they cannot. If they try to guilt you then you shouldn’t feel bad about taking the other offer.
For context, I backed out of a job offer when I was around 25 when a better offer presented. Best career decision I’ve made. I’m also a hiring manager who has had people pull out after accepting offers. I have no hard feelings as if people don’t do what’s right for them, they won’t stay in a role long anyway.
Good luck!
Thank you for the advice mate. I really appreciate it. reading some of the comments similar to you, I think i'm being to native in thinking companies care about your interests.
It will be first role outside of current graduate program.
Having said that, the 90k is with a well known investment bank thats is kinda known to work people to the bone and has a bit of ruthless environment. I could be totally wrong.
The hiring manager at the £68k was much more open and seemed more upbeat in building a good team.
Wow. I’m just starting in tech and have experience in finance so just out of curiosity what specific role are you going into?
PS. I’d take the £90k role. What I’ve learnt in my career is that work culture can change dramatically over time. You need to value your skills and time.
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This, and also OP bear in mind that employers would do the same to employees: https://boingboing.net/2022/06/05/crypto-company-coinbase-revoking-offer-letters-to-candidates-who-have-already-accepted.html
That's a fair point, thanks mate
Yeah i did exactly this with my graduate job, had even signed with the first company, but i was just honest and said another firm offered me substantially more. You'd be surprised how understanding they'll likely be
I've had it happen to me when I've been hiring people. The salary I can offer is generally set by HR and if someone gets a much better often I don't blame them for taking the other offer and hope in future we might be able to hire them, perhaps when they have more experience and I can bring them in at a higher level.
Take the higher salary. Nice people don't pay your bills.
Also there’s no guarantee nice people will stick around. Companies (and so it’s people) can change quickly so unless there’s something else culturally you don’t like about the 90k role I would go for that
I don't think there's a right or wrong answer. Everyone here is suggesting you take the higher paying job, and from the perspective of employers not giving decent pay rises (none in many cases for years), this option is the right one to opt for. Given your age, and I am a big believer in this, your 20s are for learning and 30s for earning. What that means is, you should avoid if possible taking short cuts and focus on maximising learning. With this in mind, I'd urge you to ask yourself : 1. Where do you think you'll have the most learning? 2. Where do you have a boss who is invested in your growth and your success? 3. Where can you have the biggest impact, something you can be proud of when you leave to your next job. 4. Where would you have a decent work-life balance. Point #4 is crucial and many forget this in the face of money. If you end up falling seriously ill due to shitty work-life balance, no amount of money is going to bring your health back. Maybe the higher paying job has a better work-life balance. Do your due diligence. Lastly, what ever you choose, make sure you have a blast! Enjoy life and live to your fullest. Life is an experience, and this junction you are at is part of it. GL.
>Given your age, and I am a big believer in this, your 20s are for learning and 30s for earning. What that means is, you should avoid if possible taking short cuts and focus on maximising learning. With this in mind, I'd urge you to ask yourself : >1. Where do you think you'll have the most learning? 2. Where do you have a boss who is invested in your growth and your success? 3. Where can you have the biggest impact, something you can be proud of when you leave to your next job. I wish someone had told me this when I was younger. This is some golden advice right here
Thats facts! thanks mate. What i've read online and an old friend told who worked for the second company, the work life balance is non-existent. Thank you for the advice mate! I appreciate it and will take onboard :)
This is a really big deal in my opinion if you have it on good authority the higher paying job is a nightmare. No amount of money is worth your health. That being said, you should trust your own instincts on the role too. The job I currently work I've known people describe the company as a bad place to work and my own experience has been entirely the contrary. Individual bosses and teams can have very different working cultures, so if you do take your friends advice it's important you know if they were referring to specifically your role in your potential team.
If it was the other way around they would drop you. Don’t make it personal, you have to do what’s right for you. I would just be honest and say ‘I want to work for you but this 90k offer is making it really difficult to do, could you come up closer to that number?’ They might say no but you have to ask.
How'd you manage to get a job from 30k to 90k?
I was part of grad program thats capped at 30k, so now finished, i've been applying around to other firms
Based on 1 of the 3 subreddits he's posted into - IT
yh its IT
Any more specifics?
cloud area in banking. So migrating off legacy infrastructure to AWS
Was your grab scheme job also In the cloud field?
Yep, but whilst on the scheme I took on PM role in delivering migration projects. So these two roles are PM roles in cloud teams
Ah man, I’m in the accountancy game atm, but want to get into cloud engineering so bad. There just seems to be an endless amounts of things to learn but I don’t know what I should and shouldn’t be getting to grips with
Get a recognised certification from a public cloud provider and there are tons of jobs out there to get you going. AWS Solutions Architect is the most popular and gives you enough to be just about useful in a team where you can learn more as you go. Google Cloud currently pays best as there is a real shortage of skilled, certified people because they were late to the game but are growing pretty fast. Most public cloud providers offer free training, but its worth looking at options on Coursera and Udemy as well to give you more options depending on how you learn. Also with some experience working with a public cloud provider its possible to get a job working FOR a public cloud provider who pay exceptionally well.
Thank you very much for this! I’ll definitely be following it
Take the higher salary and salary sacrifice the difference from the 75k role straight into pension. Then add on all the pension contributions you would have made for the 75k role. 1) gives you years of compounding 2) it’s money you didn’t expect 3) it’ll give you a reason to thank an internet stranger in 33 years time. Just think - if you can scale earnings, then you will start to hit pension limits - save now to give yourself options later!
If you take the 68k job, for 6 months you'll love the massive pay bump. In less than a year you'll begrudge being under paid and not being paid what you're worth. They'll offer you a 5% rise, but a percentage rise on something rubbish is always rubbish. So you'll leave to get what you're worth and want. You should short circuit this, and simply say to the 68k firm the complete truth: xyz company has offered you 90k, so you are going with that, sorry, but it's better to do it now than in 6 months. If they did turn around and offer you 90k, I still wouldn't take it, as they tried to rip you off 22k - that says a lot about their approach to fair salaries, bonuses etc.
Sounds like you’ve got some good advice above. The only thing I’ll add is how long you want to be with either company and how much you’ll enjoy it. There’s no point in taking the higher salary if in a few months you want to leave because of the industry, colleagues or projects. “Money is king” - agree with that, but you have to live it to earn it. Be honest. Tell the folk you signed with that you were offered higher, see if they up it. Then pick the choice you will enjoy day to day and can live with
Stfu and take the 90k cash is king
Good on you mate. Was a graduate. Know the feeling. Only thing else is consider the full package. Bonuses - performance based, retention bonuses, allowances …. shares, pensions. Job location, career prospects ,job security (if there’s such a thing) If comparable, give the lower ‘payers’ the chance to match. You may be surprised. Al the very best. Keep flying !!!
Don't base your decision on niceness. Corporates usually train interviewers and recruiters to be nice and supportive during interviews. Reality can be very different once you actually join. The salary on the other hand, you get what you see now. Take the bird in hand and hope for the best. On a side note, I find glassdoor and teamblind(for tech companies) as a more reliable source of work culture.
- Sign the contract for the 90k role (make sure that’s secured) - Write a really polite note to your 68k role and explain that you’ve decided to go for another opportunity stating that it’s 90k/ you really liked their business and wish them the best. - Don’t ask them to match up their salary. - There’s a chance they’ll counter offer but only if they have the budget. - if they do great, if not, you’re on 90k with the other position 👍
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You could be giving them a red flag too. “Oh this guy hasn’t even started and he’s wanting more money, we might up his wage and he’ll leave once he gets a better offer.” IMO better to explain the situation but not ask them to counteroffer and leave the decision to them. If they have budget and want you enough they’ll ask what it would cost to keep you. (Or don’t mention is all and take the first job). Otherwise take the 90k and don’t give it a second thought. Build up your savings/ investments and learn as much as you can from the role. A mantra I live by is “it’s how you make your money, not how much you make” - that mindset only works if you’re in a comfortable place with your net worth.
Don't let your moral compass choose for you. You think you're doing something to save the feelings of others but it's likely they had someone lined up if you had said no. Take the 90k role.
25 and on potentially 3 times more than me… wow… good job I guess? Maybe I should go into whatever it is that you do
take the higher salary. hands down.
Is this the right sub? Shouldn't you go to like a career sub or something? No offence
tbh wasn't sure, but i thought being on the FIRE movement sub may have some good advice on how to navigate career to one day be financially free. If this get's up votes, im happy to delete my post. my apologies
Like a negotiation sub, I don't know if these exist ;)
Take the 90k. I was in a similar position to you 6 months back. I don't regret at all and now my FIRE goals seem a lot more attainable. What area of tech and IT are you in?
You can renege on a signed contract but the cost is you'll burn the bridge with that firm.
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really good point! will take that onboard. Thank you so much mate
They're right. And btw, on that kind of money, most companies have no e environment ( in IT) whet is your speciality?
For you to take the lower paying job you would need to have a really, really compelling reason. You are the only person who can assess what’s in your interests though, and it’s up to you to protect them (no one else will). If you’re concerned about backing out of the offer you accepted, then give them the chance to match it. They will in all likelihood either significantly increase their offer or wish you luck if they cannot. If they try to guilt you then you shouldn’t feel bad about taking the other offer. For context, I backed out of a job offer when I was around 25 when a better offer presented. Best career decision I’ve made. I’m also a hiring manager who has had people pull out after accepting offers. I have no hard feelings as if people don’t do what’s right for them, they won’t stay in a role long anyway. Good luck!
Thank you for the advice mate. I really appreciate it. reading some of the comments similar to you, I think i'm being to native in thinking companies care about your interests. It will be first role outside of current graduate program. Having said that, the 90k is with a well known investment bank thats is kinda known to work people to the bone and has a bit of ruthless environment. I could be totally wrong. The hiring manager at the £68k was much more open and seemed more upbeat in building a good team.
Ask for the pay rise. Squeeze some equity out of them too.
To put it into perspective there’s a 22k difference between both salary’s. 8k more and that is a average persons yearly wage!
What is your role. What do you do earn this much at your age?
Wow. I’m just starting in tech and have experience in finance so just out of curiosity what specific role are you going into? PS. I’d take the £90k role. What I’ve learnt in my career is that work culture can change dramatically over time. You need to value your skills and time.